KazMunayGas, the national oil company in Kazakhstan (KMG), has notified holders of its bonds with a maturity date in 2025 about repurchasing them for $500 million.
«KazMunayGas is notifying shareholders about early redemption of bonds with a maturity in 2025 for $500 million (the coupon rate of 4.75%),» the company said in a statement.
The company also said that the debt on these bonds will be paid on April 24, 2023. Bondholders are expected to receive principal debt plus yield (accrued before April 24) and redemption premium.
As of December 2022, the total debt of...